According to “Gas Insulated Transformer Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Gas Insulated Transformer Market to grow at 5.23% CAGR by 2023. Gas Insulated Transformer Industry 2019 Report Segments Market for Gas Insulated Transformer by Type (Instrument Transformer), Voltage Rating (Medium, High, Extra High), End-Use (Utility, Industrial, Commercial), Installation, Type of Cooling, and Region.
Global Gas Insulated Transformer Key Players Analyzed in Report –
The global gas insulated transformers market comprises a host of key players. This includes names like Arteche (Spain), ABB Ltd. (Switzerland), Takaoka Toko Co., Ltd (Japan), General Electric (US), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Fuji Electric co., Ltd. (Japan), Siemens AG (Germany), Meidensha Corporation (Japan), and Chint Group (China).
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Global Market Highlights:
Gas Insulated transformers are eco-friendly, non-explosive and non-flammable it is widely adopted by underground stations and places where there is scarcity of space. It is free from emission and the gas used is also non-toxic in nature. The global gas insulated transformers market was analyzed by Market Research Future (MRFR) and it was projected that a decent CAGR of 5.23% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the gas insulated transformers market was further stated to surpass its previous valuation by the end of the forecast period.
The global market is anticipated to grow majorly due to the increasing demand for renewable sources of energy and clean energy generation. Governments across the world are coming out with various measures like offering attractive incentives to encourage the use of renewable sources of energy. This is expected to further drive the global gas insulated transformer market.
Currently, in the transformer industry, gas insulated transformers are preferred over oil insulated transformers due to its numerous advantageous. Hence, it is estimated that there will be significant growth in gas insulated transformer market due to various advantages and the environment friendly applications. The gas used in a gas insulated transformer is non-explosive and inflammable. It eradicates the need for regular oil checking and increases awareness concerning the environment. The transformers are most commonly used in high voltage and medium voltage applications like thermal power plant, underground shopping centers, chemical plants, hydroelectric power plant, and public water facilities. These transformers are used primarily for distribution and transmission purposes in order to build a much safer and reliable power system.
Market Segments Analysis:
The scope of the study segments the Gas Insulated Transformer market by its type, voltage rating, installation, type of cooling, end-user and by region.
By Type:
- Instrument Transformer
- Others
By Voltage Rating:
- Medium Voltage
- High Voltage
- Extra High Voltage
By Installation:
- Outdoor
- Indoor
By Type of Cooling:
- Gas Directed Air Natural Cooling
- Gas Directed Air Forced Cooling
- Gas Directed Water Forced Cooling
By End-User:
- Utility
- Industrial
- Commercial
Regional Market Insights:
The global gas insulated transformers market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The Asia Pacific region is anticipated to lead the global gas insulated transformer market in the coming years after leading it back in 2017. The surging adoption of renewable energy and the growing integration of power system is driving the demand for the Asia Pacific regional market. The region holds massive potential in the coming years owing to a wide array of infrastructural development plans and a continuous support from the government in terms of finance.
The market for indoor installation is increasing during the forecast period. Gas insulated transformers are non-flammable, non-explosive and an integration of substation equipment in locations where space constraints are observed, which makes installation of gas insulated transformers, a priority in indoor and underground settings. There is a trend for adopting gas insulated transformer with integration of power and increasing power generation from renewables. This adds to the growth of the market for gas insulated transformers.
The European region stands second in the global gas insulated transformer market owing to the increasing investment of funds and grid expansion projects. However, it has been projected that the Asia Pacific regional market will garnet the highest CAGR over the forecast period.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3. Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Supply Chain Analysis
4. Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5. Global Gas Insulated Transformer Market, By Type
5.1 Introduction
5.2 Instrument Transformer
5.2.1 Market Estimates & Forecast, 2018-2023
5.2.2 Market Estimates & Forecast By Region, 2018-2023
5.3 Others
5.3.1 Market Estimates & Forecast, 2018-2023
5.3.2 Market Estimates & Forecast By Region, 2018-2023
6. Global Gas Insulated Transformer Market, By Voltage Rating
6.1 Introduction
6.2 Medium Voltage
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
6.3 High Voltage
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
6.4 Extra High Voltage
6.4.1 Market Estimates & Forecast, 2018-2023
6.4.2 Market Estimates & Forecast By Region, 2018-2023
7. Global Gas Insulated Transformer Market, By Installation
7.1 Introduction
7.2 Outdoor
6.2.1 Market Estimates & Forecast, 2018-2023
6.2.2 Market Estimates & Forecast By Region, 2018-2023
7.3 Indoor
6.3.1 Market Estimates & Forecast, 2018-2023
6.3.2 Market Estimates & Forecast By Region, 2018-2023
8. Global Gas Insulated Transformer Market, By End-User
8.1 Introduction
8.2 Utility
8.2.1 Market Estimates & Forecast, 2018-2023
8.2.2 Market Estimates & Forecast By Region, 2018-2023
8.3 Industrial
8.3.1 Market Estimates & Forecast, 2018-2023
8.3.2 Market Estimates & Forecast By Region, 2018-2023
8.4 Commercial
8.4.1 Market Estimates & Forecast, 2018-2023
8.4.2 Market Estimates & Forecast By Region, 2018-2023
9. Global Gas Insulated Transformer Market, By Type Of Cooling
9.1 Introduction
9.2 Gas Directed Air Natural Cooling
9.2.1 Market Estimates & Forecast, 2018-2023
9.2.2 Market Estimates & Forecast By Region, 2018-2023
9.3 Gas Directed Air Forced Cooling
9.3.1 Market Estimates & Forecast, 2018-2023
9.3.2 Market Estimates & Forecast By Region, 2018-2023
9.4 Gas Directed Water Forced Cooling
9.4.1 Market Estimates & Forecast, 2018-2023
9.4.2 Market Estimates & Forecast By Region, 2018-2023
10. Global Gas Insulated Transformer Market, By Region
Continued…
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